South Dakota Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The South Dakota Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to reward and incentivize employees of the company. This plan offers various types of restricted stock options to eligible individuals, providing them with a means to acquire company shares. One type of South Dakota Restricted Stock Plan available at RPM, Inc. is the Performance-Based Restricted Stock. This type of plan enables employees to earn shares based on their individual or group performance, setting specific targets and objectives that need to be met for the stock to be granted. It serves as a powerful motivator for employees to excel in their roles and contribute to the company's overall success. Another type of plan is the Time-Based Restricted Stock. Under this scheme, employees are granted shares of the company's stock, but there is a predefined vesting period that must pass before the shares can be fully owned by the employee. This incentivizes employees to remain with the company for a certain duration, fostering loyalty and long-term commitment. Within the South Dakota Restricted Stock Plan, there may also be Specific Purpose Restricted Stock options. These plans are designed to address specific needs or situations, such as acquisitions, mergers, or corporate restructurings. The specifics of these plans may vary based on the unique circumstances they are created for, ensuring flexibility and adaptability for RPM, Inc. Key features of the South Dakota Restricted Stock Plan include competitive pricing, favorable tax treatment, simplified administration, and the opportunity for employees to participate in the company's financial growth. By granting employees ownership in the form of restricted stock, RPM, Inc. aims to align their interests with those of the company, encouraging a sense of ownership and motivation to drive positive results. In conclusion, the South Dakota Restricted Stock Plan of RPM, Inc. is a robust employee benefit program that offers multiple types of restricted stock options. Through this plan, the company strives to reward and retain talented employees while fostering a culture of high performance and long-term commitment.

The South Dakota Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to reward and incentivize employees of the company. This plan offers various types of restricted stock options to eligible individuals, providing them with a means to acquire company shares. One type of South Dakota Restricted Stock Plan available at RPM, Inc. is the Performance-Based Restricted Stock. This type of plan enables employees to earn shares based on their individual or group performance, setting specific targets and objectives that need to be met for the stock to be granted. It serves as a powerful motivator for employees to excel in their roles and contribute to the company's overall success. Another type of plan is the Time-Based Restricted Stock. Under this scheme, employees are granted shares of the company's stock, but there is a predefined vesting period that must pass before the shares can be fully owned by the employee. This incentivizes employees to remain with the company for a certain duration, fostering loyalty and long-term commitment. Within the South Dakota Restricted Stock Plan, there may also be Specific Purpose Restricted Stock options. These plans are designed to address specific needs or situations, such as acquisitions, mergers, or corporate restructurings. The specifics of these plans may vary based on the unique circumstances they are created for, ensuring flexibility and adaptability for RPM, Inc. Key features of the South Dakota Restricted Stock Plan include competitive pricing, favorable tax treatment, simplified administration, and the opportunity for employees to participate in the company's financial growth. By granting employees ownership in the form of restricted stock, RPM, Inc. aims to align their interests with those of the company, encouraging a sense of ownership and motivation to drive positive results. In conclusion, the South Dakota Restricted Stock Plan of RPM, Inc. is a robust employee benefit program that offers multiple types of restricted stock options. Through this plan, the company strives to reward and retain talented employees while fostering a culture of high performance and long-term commitment.